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AcreValue is an online platform that provides comprehensive data and tools for evaluating land values in the United States. It is widely used by landowners, farmers, real estate professionals, investors, and appraisers to assess the value of agricultural, recreational, and other rural land. AcreValue compiles information on soil types, land use, property boundaries, and sales data to offer an interactive map-based tool for determining land valuation by specific regions, including by ZIP code.
History
editAcreValue was developed by Granular, an agricultural technology company founded in 2014 and later acquired by Corteva Agriscience. The platform was designed to offer transparency in the agricultural land market by providing detailed and accessible data on land value. Initially focused on farmland, AcreValue has expanded to cover various land types across the U.S.
Key Features
editAcreValue's main features include:
Interactive Mapping: Users can explore land parcels through detailed maps, identifying property lines, soil types, crop history, and other relevant factors that affect land value.
Land Valuation: The platform aggregates data from various public and private sources, including property sales, to estimate the current value of land in any given area.
Soil Productivity Data: AcreValue provides users with information on soil composition and productivity, which is particularly useful for farmers and agricultural investors.
Comparable Sales: Users can view nearby land sales and compare land values to similar properties, allowing for more informed purchasing or selling decisions.
Owner Lookup: This feature allows users to identify the owners of land parcels, which can be helpful for real estate professionals looking to initiate transactions.
Usage
editAcreValue is utilized by a wide range of professionals within the agricultural, real estate, and investment sectors. Farmers and landowners use the tool to understand the value of their land for buying, selling, or leasing purposes. Real estate agents and brokers rely on the platform to determine fair market prices for rural properties. Investors and appraisers use AcreValue for making data-driven decisions in rural land investments.
Subscription Model
editAcreValue offers a freemium model, where users can access basic features such as land mapping and ownership details for free. Advanced features, including detailed valuation reports, comparable sales data, and enhanced mapping tools, are available through a paid subscription.
Impact
editSince its launch, AcreValue has had a significant impact on the agricultural real estate market by democratizing access to land data that was previously difficult to obtain. It has made rural land transactions more transparent, streamlined the process of land valuation, and facilitated better decision-making for stakeholders involved in the land market.
References
edit“Granular Announces Acquisition by Corteva Agriscience.” Granular, 2017.
“AcreValue: A Game-Changer for Land Valuation.” AgFunderNews, 2019.